Question

The bureau of labor and statistics (2018) reports that the average earner with a high school diploma will earn about $35,000 per year, an earner with a bachelor’s degrees will earn about $59,000 per year. The average salary of the high school graduate is what percent of the college graduate?

Answer 1

To find the percentage, we can use the following formula:

(average salary of high school graduate / average salary of college graduate) * 100

Plugging in the values:

($35,000 / $59,000) * 100 = 0.5932 * 100 = 59.32%

Therefore, the average salary of the high school graduate is about 59.32% of the average salary of the college graduate.